Federal Reserve Board Vice Chairman Alice M. Rivlin resigned Thursday, effective July 16.

A member of the Fed since June 1996, Ms. Rivlin said she will return to the Brookings Institution with a joint appointment to its Economic Studies Program and its Urban Policy Center. Ms. Rivlin, 68, also plans to continuing heading the D.C. Financial Assistance Authority, the board set up to help the District of Columbia clean up its finances.

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